It is expensive… because it is expensive

The World is not running out of oil. Recent findings will make Canada and Brazil as large producers as Saudi Arabia, and they are likely to run their business much better than the bureaucratic leviathans of Venezuela and Russia’s public-owned companies. Oil is expensive because some speculators believe it will get even more expensive soon thanks to other speculators. The balance of demand and output is not worse than when oil was purchased at $20 a barrel and prices will drop, even if they reach $300 first, as Yahoo! shares peaked at $250.06 in January 2000, not because the company was sound, but because everybody else was buying it shares.

From http://www.stuff.co.nz

(Spanish) Es caro… por que es caro